Planned Giving (Spire Society)
In recent years Feehan has experienced tremendous growth in its academic standing, physical plant and technological advancement. But Bishop Feehan does not provide its unique educational experience on tuition alone. Its existence is testimony to the devotion of individuals, past and present, whose generous gifts of time, talent and money continue to support the Feehan family's goals of Sanctity, Scholarship and Sportsmanship.
The Spire Society was created during Feehan's 50th anniversary in honor of the individuals and families who support Bishop Feehan by making bequest provisions or other planned gift commitments designed to support the school.
A planned gift can benefit you, your family and Bishop Feehan all at the same time. Such gifts allow the school to continue its vital role of preparing students to reach their potential, for life beyond the walls of Feehan, while providing you with income and tax benefits.
To learn about how you can give to Bishop Feehan, you may email Christopher Servant or contact the office by phone, 508-226-7411.
Below you will find a chart designed to help you understand the ways and benefits of giving.
PLANNED GIVING CHART
|Ways of Giving||Suggested Assets for Funding||Benefits to donor||Method of Effecting Gift|
|Outright Gift||Cash, stocks, bonds, real estate, tangible personal property||Tax deduction based on fair market value of gift. Avoidance of tax on capital gains||Donor transfers assets to Bishop Feehan|
|Pledge||Gift made over one or multiple years||No tax deduction until gift made||Written agreement with Bishop Feehan High School|
|Matching Corporate Gift||Any applicable negotiable gift such as cash, stocks, bonds||Tax deduction based on value of the personal gift.||Complete company's matching gift form and submit it with your gift|
|Bequest||Cash, stocks, bonds, real estate, tangible personal property||Distribution of estate as intended by the donor. Removes asset from donor(s) taxable estate.||Donor includes language in his or her will to transfer assets to Bishop Feehan High School or personal trust|
|Pooled Income Fund||Cash, stocks, bond||Tax deduction on the present value of the charitable remainder based on IRS tables. Avoidance of taxes on capital gains.||Separate donors co-mingle their gifts for investment purposes though written agreement between the donor and Bishop Feehan High School|
|Life Insurance||Life Insurance Policy||Annual premium payments qualify for a charitable deduction. Paid up policies are eligible for charitable tax deduction on the computed current value of the policy in the tax year that Bishop Feehan is named owner and beneficiary||Donor names Bishop Feehan High School as the owner and sole beneficiary of the policy; annual premium payments are made by the donor to Bishop Feehan High School.|